Section 211.1035 - Recapture tax; collection; notification; credit to general fund. - Michigan Statutes

QUALIFIED FOREST PROPERTY RECAPTURE TAX ACT (EXCERPT)
Act 379 of 2006

211.1035 Recapture tax; collection; notification; credit to general fund.

Sec. 5.

(1) The recapture tax shall be collected by the treasurer.

(2) The assessor of the local tax collecting unit shall notify the treasurer of the date the property is converted by a change in use.

(3) The treasurer shall credit the proceeds of the recapture tax collected under this act to the general fund of this state.

History: 2006, Act 379, Imd. Eff. Sept. 27, 2006